Mayowa Dosunmu

Key Responsiblities:.

• Manage global regulatory compliance frameworks, ensuring regulatory adherence across three entities.
• Oversee and sign-off on risk assessments for client onboarding and periodic reviews.
• Manage a team of two analysts, overseeing BAU practices and reviewing escalations and queries.
• Regulatory reporting: FCA / APP Scams.
• Assess financial crime risks in cross-border payments, implementing risk mitigation strategies in line with global compliance standards.
• Manage and maintain policy and procedure register, ensuring regular updates following updates to regulation or internal processes.
• Develop and enhance AML and financial crime controls, ensuring robust detection and prevention mechanisms.
• Liaise with partnered banks and financial institutions, understanding their risk control requirements and demonstrating compliance capabilities.
• Prepare and file SARs.
• Conduct compliance training for employees to ensure awareness of regulatory changes and best practices.
• Perform impact assessments on regulatory updates, including Consumer Duty and financial crime-related legislation.

Key Achievements:

• Successfully implemented new transaction monitoring system, improving fraud detection and financial crime controls.
• Successfully led 2 external audits with no major findings.
• Attending meetings with key regulators, liaising with key stakeholders, ensuring firms readiness for upcoming internal reviews.
• Strengthened compliance frameworks by updating policies and procedures to align with evolving regulatory expectations.
• Led impact assessments and implementation of Consumer Duty and APP scam regulations ensuring firm remained compliant.
• Established and maintained new risk scoring criteria for banks and payment partners along with MI for relevant committees.
• Improved efficiency in client risk assessments, reducing onboarding time while maintaining high compliance standards.
• Developed and implemented new compliance controls that enhanced risk mitigation for cross-border transactions.

• Assisting with drafting policies, interpreting laws and regulations in line with company policies and procedures
• Complex corporate clients, conducting EDD and understanding corporate governance of each entity.
• Ensuring all employees are compliant with relevant rules and regulations surrounding financial services by completing online courses / E-learning.
• Reviewing and verifying various legal documents from clients.
• Reviewing marketing material, ensuring it is compliant.
• Monitoring large quantities of high-risk payments.
• Reviewing fraud reports, flagged accounts and conducting further investigation, reporting suspicious activity.
• Responding to daily operational queries and transaction monitoring escalations from various jurisdictions within the company.
• Responding to DPA requests and production orders.

• Regular KYC, adverse media, sanction and PEP checks.
• EDD reviews for complex corporate groups and other potential high-risk clients
• Creating and managing compliance KPIs and issuing regular monthly reports to the board
• Creating and implementing the TCF policy, regular updates to key policies and procedures.
• Advising and implementing correct practice in relevant departments in accordance with policies
• Using initiative to identify problems and implement solutions for efficient monitoring frameworks including implementing retrospective transaction monitoring framework.
• Advising on risks when reviewing potential partnership opportunities
• Transaction monitoring: reviewing all third-party payments received along with high-risk international payments, fraudulent and suspicious transactions.
• Strong attention to detail, team working, communication, time and stakeholder management
• Raising and submitting SARs to the NCA and conducting further internal investigations
• Responding to DPA requests
• Responding to data removal and data access requests in line with GDPR and FCA regulations
• Management of compliance training for all employees.
• Excellent communication skills by building and maintaining a rapport with stakeholders and coordinating on deadlines.
• Completed thorough due diligence checks on clients to ensure regulatory adherence.
• Conducted training sessions for staff to improve understanding of regulatory requirements.

• Managing transactions queries using CRM via phone and email, being their first point of contact.
• Screening and verifying customer's identification in accordance to the Data Protection Act.
• Building a rapport and working very closely with the fraud department.
• Monitoring accounts and reviewing transactions, identifying and escalating suspicious activity.
• Advising customers on the product portfolio WorldRemit offers.
• Strongly increased communication, adaptability and team working skills, as I had to effectively communicate with many people from diverse backgrounds